Free online auto loan calculator: estimate your monthly car payments, total interest, and total loan cost. Enter vehicle price, down payment, interest rate, and loan term. Perfect for new and used car buyers. Mac OS 9 retro style.
Type in the total price of the car you want to buy, including any taxes and fees. This is the starting point for your auto loan calculation.
Enter your down payment amount, the annual interest rate offered by your lender, and the loan term in years. Typical auto loan terms range from 3 to 7 years.
Click Calculate to see your estimated monthly payment, total interest paid, and the amount financed. Use Clear All to start over with different values.
Q: What is a good interest rate for an auto loan?
A: Auto loan rates vary by credit score, loan term, and market conditions. Rates typically range from 3% to 10% for new cars and higher for used cars.
Q: How much should I put down on a car?
A: A down payment of 20% or more is recommended to avoid negative equity. However, some lenders accept as little as 10% or even 0% down.
Q: Can I pay off my auto loan early?
A: Yes, most auto loans allow early repayment. Check with your lender for any prepayment penalties before making extra payments.